M&A
confidence medium
sentiment positive
materiality 0.65
Construction Partners acquires Mobile Asphalt, adds 5 hot-mix plants in SW Alabama
Construction Partners, Inc.
- Acquired Mobile Asphalt Company LLC, headquartered near Mobile, Alabama; no deal value disclosed.
- Adds five hot-mix asphalt plants and related crews/equipment serving greater Mobile and SW Alabama.
- Transaction follows initial Mobile entry last September via acquisition of John G. Walton Construction.
- Expects to operate as a branded division of Wiregrass Construction under the Mobile Asphalt Company name.
- CEO highlights growth drivers from Port of Mobile activity and Gulf Coast development.